Trading Nadex Spreads Into The News November 14, 2014
On Friday, November 14, 2014, at 8:30 AM, Canada will release the Manufacturing Sales report. This is a measure of the change in the overall value of sales made at the manufacturing level.
The Canadian manufacturing sector covers 21 industry groups that produce goods for both industrial and consumer use. This report is an indicator of Canada’s Gross Domestic Product.
The previous report for this news release was -3.3%. The forecast for this month is 1.3%. If the reading is higher than expected, it should be regarded as positive or bullish for the CAD, while a lower than expected reading would indicate a negative or bearish position for the CAD side of your trade.
Using Nadex Spreads, it is recommended that you look for an Iron Condor implementing the USD/CAD instrument. Enter as early as 8:00 AM with an expiration of 10:00 AM. You want a minimum profit of $25. As a reminder, the Iron Condor is a strategy where you buy the lower spread and sell the upper spread. You will want to have the ceiling of the lower spread equal to the floor of the upper spread. Both of these contracts should have the same expiration time.
If you would like to learn other strategies and systems to use in your everyday trading, visit www.apexinvesting.com. Apex Investing Institute offers free education, and free access to the Nadex Binary and Spread Scanner Analyzers. Member traders are invited to trade in the chat rooms, take advantage of trade signal services, have key indicators and access the Apex Forum. The forum content is updated daily and includes over 8000 members. In a supportive learning community of seasoned as well as up and coming traders, traders of all levels learn how to trade Nadex binaries and spreads in depth, as well as futures, forex, stock and options, and gain an edge for successful trading overall.
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